Actuarial Analyst

Description

Milliman's Mountain Gulf Health Practice is looking for an Actuarial Analyst with experience in health actuarial work to join our team. The position requires creative actuarial capabilities, strong communication and interpersonal skills, and excellent organizational talents. It also offers opportunities for professional growth and technical skill development in the healthcare actuarial field. A successful candidate will possess excellent technical, communication, and interpersonal skills and will be self-motivated and driven to achieve. Intellectual curiosity, teamwork, and a strong desire to learn are important drivers of success in our practice.

About Our Practice

Milliman's Mountain Gulf Health Practice is a team of highly self-motivated and enthusiastic individuals who serve a wide variety of organizations, including insurance companies, health plans, state and federal agencies, healthcare providers, reinsurance companies, and employers. Our practice includes 50 actuarial professionals, as well as healthcare consultants, administrative staff, and other non-actuarial personnel. We have developed expertise in a variety of business areas, offering comprehensive and specialized services to meet the diverse needs of our clients.

By joining Milliman, you will be working with some of the most experienced, most capable people in the health industry. For the right candidate, these opportunities will help you grow professionally while enjoying the work you do. This is a fully remote position.

What You Will Do

Actuarial Analysts perform data analysis using Excel, SAS, R, Python while working with proprietary Milliman programs to assist with consulting for various health insurance work areas.

Within a project team, consultants, project managers, analysts, and interns coordinate their efforts to deliver client reports and deliverables. Analysts are responsible for the majority of the technical work, which may include analyzing data, completing actuarial calculations, developing, and utilizing actuarial models, and implementing software solutions.

We feel progression with actuarial exams is important, and as such study time is supported and expected. Study time, materials, and exam fees are paid for by Milliman for full time actuarial staff.

To be successful in this role, you will have the following qualifications:

Professional Qualifications

• Bachelor's degree in actuarial science, mathematics, statistics, economics, or a related field
• At least one or more Society of Actuaries exams passed
• Two to six years of healthcare actuarial experience
• Meaningful experience in one of more of the following areas would be considered a "plus":
  
  
  
  • Medicaid rate-setting
  • Reserving and year-end statutory financials ("blue" and "orange" blanks)
  • ACA pricing/rate filing
  • Medicare Advantage, especially bid development and understanding of revenue mechanisms (e.g., risk scores, star ratings)
  • Value-based provider contracting
  • Employer stop-loss and/or reinsurance pricing
  
  
  
  
• Solid understanding of basic actuarial concepts
• Proficiency with Excel
• Some knowledge of SAS, SQL, or R

Personal Qualifications

• Strong self-motivation and drive to achieve personal and team goals
• Strong written and verbal communication skills
• Strong organizational skills and ability to manage multiple projects and deadlines
• Strong time management skills
• Entrepreneurial spirit
• Ability to work independently and within a team

To be considered for this position, please submit a resume and cover letter.

No recruiters, please.

Location

This position is fully remote, as our practice is comprised of consultants all over the country. Remote candidates anywhere in the US will be considered.

Compensation

The salary range is $63,000- $152,000, depending on a combination of factors, including but not limited to education, relevant work experience, qualifications, skills, certifications, location, etc. If overall experience is less than 4 years the range would be $63,000 - $135,000; for experience of greater than 4 years, the range would be $71,000- $152,000.

Employees are also eligible for a bonus under our standard bonus policy. A paid bonus is dependent on billable hours worked by the employee. Actual bonuses vary widely based on desired and completed workload but routinely exceed 40% of base salary.

Benefits

At Milliman, we focus on creating an environment that recognizes - and meets - the personal and professional needs of the individual and their family. We offer competitive benefits which include the following based on plan eligibility:

• A 401(k) plan with matching program, and profit sharing contribution
• Employee Assistance Program (EAP)
• A discretionary bonus program
• Paid Time Off (PTO) starts accruing on the first day of work and can be used for any reason; full-time employees will accrue 15 days of PTO per year, and employees working less than a full-time schedule will accrue PTO at a prorated amount based on hours worked
• Family building benefits, including adoption and fertility assistance and paid parental leave up to 12 weeks for employees who have worked for Milliman for at least 12 months and have worked at least 1,250 hours in the preceding 12-month period
• Commuter Program, which allows you to use pre-tax dollars to pay for your parking or public transit expenses to get to and from work. You may utilize this benefit any time throughout the year and funds will be available the first of the month following your first contribution.
• A minimum of 10 paid holidays
• Milliman covers 100% of the premiums for life insurance, AD&D, and both short-term and long-term disability coverage
• Flexible spending accounts allow employees to set aside pre-tax dollars to pay for dependent care, transportation, and applicable medical needs

Who We Are

Independent for over 75 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world's most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.

Milliman invests in skills training and career development and gives all employees access to a variety of learning and mentoring opportunities. Our growing number of Milliman Employee Resource Groups (ERG's) are employee-led communities that influence policy decisions, develop future leaders, and amplify the voices of their constituents. We encourage our employees to give back to their varied professions, including leadership in professional organizations. Please visit our web site (https://www.milliman.com/en/social-impact) to learn more about Milliman's commitments to our people, diversity and inclusion, social impact and sustainability.

Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance and financial services, and property and casualty insurance.

Equal Opportunity

All qualified applicants will receive consideration for employment, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

This job posting is expected to close on April 30, 2025.